BBBY stock tumbled more than 20% Thursday. On Thursday afternoon SEC filings showed that RC Ventures had sold off all its BBBY shares Tuesday and Wednesday at prices between $18.65-$29.22 per share. Cohen had purchased his Bed Bath & Beyond stocks on average for around $15.30 per share.
Is Bed Bath & Beyond (BBBY) a good stock to buy?
Bed Bath & Beyond ( BBBY) — one of the original meme stocks along with GameStop ( GME) and AMC Entertainment ( AMC) — spiked higher in early 2021 as Reddit- and social-media-fueled buying frenzies spurred tremendous short squeezes despite lousy company fundamentals. Bed Bath & Beyond stock has been surging again in recent weeks.
Will overstock appropriate BBBY's ticker?
Overstock also plans on appropriating BBBY’s ticker. Bed Bath & Beyond's physical stores shut their doors in July of this year, and BBBY dockets estimate that about $636 million in inventory will go toward the company's Debtor-in-Possession (DIP) budget.
Are bbbyq shares still above 52-week lows?
However, BBBYQ shares are still more than 150% above the 52-week lows they reached briefly after the announcement of Chapter 11. Some never-say-die retail shareholders are still hoping for a turnaround in the company’s restructuring plan, while others are trying to spur one last Bed Bath & Beyond short squeeze.
